Asia: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Asia

For the fifth consecutive year, the Asian market for in-hand motor grinders, sanders and planers recorded decline in sales value, which decreased by -40.9% to $X in 2021. Overall, consumption recorded a drastic downturn. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Production of In-Hand Motor Grinders, Sanders And Planers in Asia

In value terms, production of in-hand motor grinders, sanders and planers contracted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 47% against the previous year. Over the period under review, production of reached the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports in Asia

For the fifth consecutive year, Asia recorded growth in shipments abroad of in-hand motor grinders, sanders and planers, which increased by 24% to X units in 2021. In general, exports continue to indicate a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of in-hand motor grinders, sanders and planers soared to $X in 2021. Over the period under review, exports showed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates planers structure, accounting for X units, which was approx. 94% of total exports in 2021. Malaysia (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +9.3% from 2012 to 2021. At the same time, Malaysia (+16.1%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +16.1% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electromechanical tools for working in the hand, with self-contained electric motor supplier in Asia, comprising 89% of total exports. The second position in the ranking was held by Malaysia ($X), with a 2.6% share of total exports.

In China, exports of in-hand motor grinders, sanders and planers increased at an average annual rate of +11.5% over the period from 2012-2021.

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, surging by 3.2% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2016 when the export price increased by 13% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Malaysia ($X per unit), while China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+2.4%).

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports in Asia

In 2021, the amount of in-hand motor grinders, sanders and planers imported in Asia surged to X units, with an increase of 42% against the previous year's figure. Over the period under review, imports recorded a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers surged to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +78.9% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X units), distantly followed by Japan (X units), Malaysia (X units), Vietnam (X units), China (X units), the United Arab Emirates (X units), Turkey (X units), Thailand (X units) and South Korea (X units) represented the major importers of in-hand motor grinders, sanders and planers, together mixing up 70% of total imports. The following importers - Iraq (X units), Kazakhstan (X units), Iran (X units) and Bangladesh (X units) - each amounted to a 12% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of +29.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 38% of total imports. These countries were followed by India, Vietnam, Turkey, the United Arab Emirates, Thailand, Malaysia, Kazakhstan, Iran, Iraq and Bangladesh, which together accounted for a further 38%.

Among the main importing countries, Bangladesh, with a CAGR of +14.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, declining by -2.9% against the previous year. Overall, the import price recorded a noticeable decline. The pace of growth appeared the most rapid in 2017 when the import price increased by 2.9%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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